De Vong BT project in the central province of Quang Nam. (Illustrative photo: VOV) Minister Dung made the statement during the ongoing seventh session of the 14th National Assembly (NA) which took place in Hanoi on May 31. He added that the issuance of a decree on the use of public assets as payment for build-transfer (BT) project investors raises questions on how to harmonize the interests of both the State and investors, as well as overcome shortcomings relating to the implementation of BT projects. The Government has mulled over a number of relevant issues with a hope of ensuring strict compliance with laws and handling any problems that arise, the minister noted. He pointed out three key challenges to the use of public assets as payment for BT investors. The first obstacle is to guarantee price parity as mentioned in the Law on Management and Use of Public Assets. In fact, a number of BT contracts had been signed prior to the law taking effect, thus leading to a failure to secure price parity. As a result, the value of land areas approved as payment for BT investors is much higher than that of BT projects. This becomes a… Read full this story
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